MakeMyTrip (MMYT) Post Breakeven Q1 EPS, Revenues rise 31%

MakeMyTrip (NASDAQ: MMYT) reported Q1 EPS of $0.00, versus ($0.14) last year. Revenue for the quarter came in at $94.84 million, versus $77.16 million reported last year.

Gross Bookings(5) reached $432.2 million in 1Q15, representing a YoY increase of 36.7%. Gross bookings for Hotels and packages increased by 85.0% in 1Q15.

• Transactions for Hotels and packages improved by 106.5% YoY in 1Q15. Transactions for air ticketing grew by 16.1% YoY in 1Q15.
• Revenue rose 31.3% YoY to $94.8 million in 1Q15.
• Revenue less service costs(2) increased 43.8% YoY to $35.5 million in 1Q15.
• Revenue less service costs(2) for Hotels and packages increased 70.9% YoY in 1Q15. Hotels and packages contribution increased to 49.6% in 1Q15 versus 41.7% in 1Q14.

“MakeMyTrip is pleased to announce strong operating and financial performance in the fiscal first quarter of 2015” said Deep Kalra, Chairman and Group CEO. “The various investments made in the past fiscal year helped us to accelerate growth in the seasonally high travel quarter, particularly in the hotels & packages business. We are therefore reinforcing investments to ensure MakeMyTrip’s customers continue to have the best possible experience”.

For earnings history and earnings-related data on MakeMyTrip (MMYT) click here.

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